Workshop, Seminar & Conference
Financial Fraud is an escalating threat in Banking and Financial Industry. Nepalese Banking Industry have experienced various scale of financial frauds and it is imperative that organizations have a clear understanding of the threat that corporate and financial fraud poses.
The present age of business is extremely competitive and the only tool for survival is adaptability which comes through constant change. Vested deeply in leadership styles, culture and communication, successful change is vital and yet hard to describe. The role of human resource as an active partner, focusing on the company's vision and ensuring open communication channels is fundamental for change in the organization. Change in any organization may be a result of a combination of elements; social, cultural, economic and/or environmental.
Economic growth of an emerging economy and developing country critically depends on the health and spread of banking industry. Banks being companies are run by their respective boards. As major decisions, including strategic business decisions, are taken by these boards, it is imperative that the boards are well constituted so as to reflect the various stakeholders and the business that they support. While the central bank and monetary authority is charged with the responsibility of ensuring a healthy banking system, it’s the board members of these banks which set the goal posts and ensu
Human Capital is undoubtedly an important factor to drive the economy of any country. Countries have achieved remarkable growth with right investment in Human Capital. Fulfilling the demand for talents and building a robust leadership framework has been a major challenge for any industry.
With changing landscape of banking and financial industry, it has become imperative for the industry to develop agile leaders , workforce and develop culture who can handle change and achieve organization goal.
Globally, new measures are being introduced to combat Anti- money laundering (AML) and financing of terrorism. The risk posed under non-compliance of AML/CFT has been challenging for banking and financial institution to maintain, as it has been increasingly complex with advent of new trends and issue related to trade-based money laundering , modern payment products and AML risk management.
Nepal Rastra Bank (NRB) is the Central Bank of Nepal and regulatory body of commercial bank and financial institutions. One of the NRB’s objectives as set out in NRB Act, 2002 is to maintain financial stability. In order to achieve this objective, NRB has issued 23 directives to Banks and Financial Institutions. Out this, directives no. 2, 3 and 12 are related to credit management, single obligor limit and blacklisting requirement. These directives are most important for credit department and revisions/amendments in these directives are made annually.
Nepal Rastra Bank, the central bank of Nepal has recently announced the monetary policy for the fiscal year 2074-75. The context of the country’s economy is going through a massive restructuring process in the background that the country is going to a federal structure. So the economy is going through a major transition owing to the political restructuring process.
Role of the Board of Directors (BoD) is paramount in driving the Bank by maintaining high standard of corporate governance, safeguarding the interest of the depositors and meeting the expectations of the stakeholders.
Whilst BoD delegates the authority to the Director(s), CEO or any other officials, the ultimate responsibility lies on them, which is substantiated by NRB Directives No 6/072, Section No 2 (e).